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Common use of Resignation of the Security Agent Clause in Contracts

Resignation of the Security Agent. (a) The Security Agent may (with the prior consent of the Italian Authorities) resign and appoint one of its Affiliates as successor by giving notice to the Lenders and the Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

Resignation of the Security Agent. (a) The Security Agent may (with the prior consent of the Italian Authorities) resign and appoint one of its Affiliates as successor by giving notice to the Lenders and the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.)